Asia’s biggest launch of 2012 reportedly closing at $940m


Asia’s biggest hedge fund launch this year, the private equity-style Asia Pacific fund run by Hong Kong-based Asia Research & Capital Management, is understood to be closing to new subscriptions after reaching $940 million in assets.

The fund was founded by Alp Ercil, the former Asia head of New York-based Perry Capital. It counted as one of the top hedge fund start-ups in the region in the first half of 2012, when it raised around $450 million at launch.

Another fund, Tybourne Capital, which was established by Eashwar Krishnan, the former head of Lone Pine, also raised $450